BCA - Time Deposit

Time Deposit

ABOUT

Time Deposit is the right investment choice
For customers who wish to set aside some savings for investments, BCA Time Deposit is one of the best ways to make your money work for you. With a choice of terms and competitive interest rates, BCA Time Deposit is the right investment option. Time deposit is a product that the deposit and withdrawal can be made at a specified time.

Important Information

Terms and Procedures

Prospective customer is an individual or entity.
Fill out and sign the application form for opening a Time Deposit account.

Bring all necessary documents.

Types of Customers	Key Document
Adult individual	Identity card
	Resident permit (KITAS/KITAP) and Passport for foreign national
	NPWP*, for Indonesian citizens
Entity	Notarial Articles of Association/Deed of Establishment (AD/ART)
	Deed of Amendment (if any)
	Corporate NPWP
	Business License
	Company Registration Certificate (TDP)/Business Registration Number (NIB)
	Identity Card of the authorized official representing the entity
	Declaration of Submission of Deed

*Note: if the customer does not have an NPWP, it can be replaced with a statement letter of not owning an NPWP.

When an account is opened On behalf of other customer, the power of attorney document authorizing an individual to open the bank account on behalf of said customer must be produced.
Fulfill the minimum initial deposit.
Deposit disbursement is subject to stamp duty charges. Meanwhile, to open a deposit account is free of charge.

For inquiries and complaints:

Contact Us:
Halo BCA 1500888
Email: halobca@bca.co.id
WA: +628111500998
Website: www.bca.co.id

Social Media
Facebook: GoodLife BCA
Instagram: @goodlifebca
Youtube: Solusi BCA
Twitter: @BankBCA

Features, Benefits, and Risks of Deposit

Key Features of Deposit:

Available in 9 currencies namely Rupiah (IDR), US Dollar (USD), Singapore Dollar (SGD), Hongkong Dollar (HKD), Australian Dollar (AUD), Japanese Yen (JPY), Great Britain Pound Sterling (GBP), Euro (EUR), and China Yuan (CNH).
Flexible choices of terms of 1, 3, 6, or 12 months.
Competitive interest rates. For details on interest rates, see the “Fees, Limits and Interest Rates”
The guaranteed interest rates adhere to the prevailing interest rates on Deposit Insurance Corporations (LPS) webpage.
Competitive currency rates Competitive interest rates. For details on interest rates, see the “Fees, Limits and Interest Rates”.

Benefits:

As a future investment.
Interest is paid by transfer to a savings account or current account, whether at BCA or another bank.
Freedom to choose a preferential extension, such as:

Automatic deposit extension with interest credited to fund source.
Automatic deposit extension with interest summed up each time the account is rolled over.
Principal and interest are automatically transferred to a registered account at the maturity date (Non-ARO)

Deposits can be used as collateral for loans.
Receive certificate of deposit as legal proof of ownership.

Risks:

LPS does not guarantee your savings, if:

The amount of all savings (including interest) at one bank exceeds (equal to) Rp2 billion for both single and joint accounts.
The interest rate applicable exceeds the LPS-guaranteed interest rate.

Floating interest is not payable if withdrawal is made before the maturity date.
For ARO Deposits, if withdrawal is not made at maturity, the funds will be deposited for the same period according to the applicable interest rates.
Deposited banknotes cannot be withdrawn on the same day it opened.
Withdrawal of CNH banknotes with a 1:1 rate calculation only applies at the branch where the account was opened.
Interest rates fluctuation may occur following market developments.
For foreign currency Deposits, which are denominated in a foreign currency, exchange rates are subject to fluctuations according to market conditions.

Simulation:

Placement	Tenor	Interest based on Tenor*	Interest**	20% Tax	Total Accumulation***
Rp10,000,000	1 Bulan	2,90%	Rp23,836	Rp4,767	Rp10,019,068
USD100,000	1 Bulan	2.00%	USD164	USD33	USD100,131

*Updated : 15 February 2024

Note:
* Interest rates may change according to the prevailing regulations.
** Interest = gross interest before tax according to the prevailing regulations (Assuming 1 month = 30 days, 1 year = 365 days)
** Total accumulation = total amount of Deposit plus interest after tax.

Additional Information

Deposit interest will be credited based on the type of deposit extension as follows:

Types of Deposit	Interest Credit
Non ARO	Credited to the designated account at the maturity date
ARO	Credited to the designated account every month according to maturity date
ARO Plus	Credited to the deposit account at maturity and its initial interest will be summed up when the account is rolled over

The joint account is available in the “AND/OR” account
The instruction given to the bank in an OR account can be made against the signature of one depositor of such joint account. Meanwhile, in an AND account, instructions must be made against the signatures of all depositors.
Placement of foreign currency deposit or purchases of foreign currency with Rupiah fund source with a value exceeding the equivalent of USD100,000 must be accompanied by underlying documents.
To close a deposit account, customers can visit the branch where the account was opened and bring the certificate of deposit.
The Bank is required to notify all changes to the benefits, costs, risks, terms, and conditions of these Products and Services by mail or through other means pursuant to the prevailing terms and conditions. Such notification will be made 30 days prior to the effective date.
The interest rates of Deposits are according to the prevailing regulations at BCA and may change at any time following the market conditions and such changes will be notified through BCA information facilities.
For every offer and subscription of other products, BCA will first ask the customer for approval to provide customer data to third parties.
Information about fees, benefits, and risks is available on www.bca.co.id.

Disclaimer (important note)

Bank may reject the application for BCA Deposit if they do not fulfill the applicable terms and conditions.
The customer has read and understood the BCA Deposit product according to the Product Summary.
This Product Summary is not part of the application for opening a Deposit account.
Customers are required to read and understand the application for opening a Deposit account.
Information included in the Product Summary is valid until the new amendment related to the Deposit in this Product Summary is made.
Customers are required to carefully read this Product Summary before agreeing to the opening of the Deposit account. Customers may rightly ask a Bank employee or call Halo BCA at 1500888 for any inquiries or complaints related to the Product Summary.

Fees, Limits, and Interest Rates

Interest Rates

Rupiah Time Deposit

Currency	Interest Rate (%pa) / Term (months)
Currency	1	3	6	12
IDR < 2Bn	2.65	2.90	2.25	2.00
IDR ≥ 2Bn - < 5Bn	2.90	3.15	2.25	2.00
IDR ≥ 5Bn - < 10Bn	2.90	3.15	2.25	2.00
IDR ≥ 10Bn - < 25Bn	2.90	3.15	2.25	2.00
IDR ≥ 25Bn - < 100Bn	2.90	3.15	2.25	2.00
IDR ≥ 100Bn	2.90	3.15	2.25	2.10

Effective: March 1, 2024

Foreign Currency Time Deposit (USD)

USD	Interest Rate (%pa) / Term (months)
USD	1	3	6	12
<USD150,000	2.00	2.00	1.50	1.50
≥USD150,000 - <USD1,000,000	2.25	2.25	2.00	2.00
≥USD1,000,000 - <USD10,000,000	2.25	2.25	2.25	2.25
≥USD10,000,000	2.25	2.25	2.25	2.25

Effective: December 01, 2023

Foreign Currency Time Deposits (Non USD)

Currency	Interest Rate (%pa)
AUD	2.25
CNY	1.00
EUR	2.25
GBP	2.25
HKD	2.25
SGD	2.25
JPY	0.00

Effective: November 1^st, 2023

Placement

The minimum initial placement according to the respective currency as follows:

Currency	Minimum Initial Placement
Indonesian Rupiah (IDR)	Rp8,000,000
United States Dollar (USD)	USD1,000
Singapore Dollar (SGD)	SGD2,000
Hongkong Dollar (HKD)	HKD8,000
Australian Dollar (AUD)	AUD2,000
Great Britain Pound sterling (GBP)	GBP1,000
Japanese Yen (JPY)	JPY150,000
Euro (EUR)	EUR1,000
China Yuan (CNH)	CNH7,000

Limit

When opening or closing a foreign currency deposit, customers can deposit and withdraw banknotes with a 1:1 rate calculation (not subject to the exchange rate or deposit rate for the same currency) up to the following limits:

Description	Calculation
Deposit*
USD Deposit Account
Deposit up to USD50,000/day/account	1:1
Deposit more than USD50,000/day/account	0.5% provision fee of the excess
Other Foreign Currency Deposit Account
Non-USD banknote deposit for non-USD account**	1:1
Withdrawal
USD Deposit Account
Withdrawal up to USD10,000/month/account	1:1
Withdrawal more than USD10,000/month/account	0.5% provision fee of the excess
SGD Deposit Account
Withdrawal up to SGD10,000/month/account	1:1
Withdrawal more than SGD10,000/month/account	0.5% provision fee of the excess
CNH Deposit Account
Withdrawal up to CNH20,000/month/account	1:1
Withdrawal more than CNH20,000/month/account	0.75% provision fee of the excess

*) Deposit of banknotes in poor condition and/or smaller denominations of the same currency a 1:1 rate calculation applies with a provision fee of 0.25%.

**) a 1:1 rate calculation applies to certain non-USD denominations.

Fees

Income Tax Fee: 20% of the Deposit interest.
Floating interest is not payable if withdrawal is made before maturity
Monthly interest transfer fee:
Description

Fee
Between BCA accounts

Free
Interbank:

LLG

RTGS
Rp2,900

Rp30,000
Every customer who makes a large cash withdrawal (with a value more than or equal to Rp100,000,000) is required to give a 1-day notice. Failure to give such notice, the customer will be charged a fee of Rp100,000.
A 1-day notice must be made for the withdrawal of banknotes at a BCA branch office with a value exceeding USD/SGD1,000 otherwise the customer will be charged a fee of Rp100,000.

Description	Fee
Between BCA accounts	Free
Interbank: LLG RTGS	Rp2,900 Rp30,000

TERMS AND CONDITIONS FOR TIME DEPOSIT
PT BANK CENTRAL ASIA Tbk (BCA)

A. DEFINITIONS

Time Deposit means a deposit that can only be withdrawn at the specified time as agreed upon between the Depositor and BCA.
Depositor means an individual or a non-individual entity, whether severally or jointly with another individual or another non-individual entity, that owns a Time Deposit at BCA.
Value Date means a date on which good funds are received by BCA from Depositor.
Interest Maturity Date means the date on which interest on the Time Deposit is paid by BCA.
Principal Maturity Date means the date on which all the principal amount of the Time Deposit is liquidated and paid to the Depositor.
Interest Day means the number of days for the calculation of the Time Deposit interest to be paid by BCA to the Depositor.

B. TERMS AND CONDITIONS FOR TIME DEPOSIT

The Time Deposit can only be paid back to the Depositor on the maturity date at the BCA branch office where the Time Deposit is opened.
The Depositor must immediately notify BCA of the Depositor’s change of name, address, signature, and other data of the Depositor.
The Depositor hereby authorizes BCA to provide the Depositor‘s data to any party other than BCA that has entered into a cooperation agreement with BCA, for promotional activities or other commercial purposes.
The Depositor’s funds at BCA are guaranteed by the Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan, or “LPS”) to the extent of the maximum limit stipulated by the LPS.
The LPS does not guarantee any deposit with interest at the rate exceeding the maximum interest rate stipulated by the LPS.
If the Time Deposit is opened in the names of two or more Depositors (“Joint Time Deposit”), then
1. For a Time Deposit with the "OR" status, if one of the depositors passes away, the surviving depositor(s) or all of the legal heirs of the deceased depositor are entitled to liquidate and withdraw the principal amount of the Time Deposit as specified on the Time Deposit Certificate (Bilyet Deposito Berjangka) as well as the interest thereon on the maturity date.
2. For a Time Deposit with the "AND" status, if one of the depositors passes away, the surviving depositor(s) or all of the legal heirs of the deceased depositor are entitled to liquidate and withdraw the principal amount of the Time Deposit as specified on the Time Deposit Certificate (bilyet Deposito Berjangka) as well as the interest thereon on the maturity date.
3. All actions taken by one or more depositors owning the Joint Time Deposit account are binding on all of the depositors, who jointly own the Joint Time Deposit account, and therefore each depositor is jointly and severally liable to BCA for all consequences that may arise.
The Depositor shall be responsible for all losses arising from any misuse of the Time Deposit certificate (bilyet Deposito).
If the Time Deposit certificate (bilyet Deposito) is lost or stolen, the Depositor must immediately report such loss or theft to BCA and provide BCA with a Police report on the loss. Subsequently, BCA will block and render invalid the lost Time Deposit certificate (bilyet Deposito) and issue a new Time Deposit certificate (bilyet Deposito) for the Depositor as a replacement.
The Time Deposit interest is paid on the Interest Maturity Date or the Principal Maturity Date. Interest is calculated from the Value Date until the maturity date with the number of Interest Days in accordance with the applicable provisions.
If the Depositor opens a Time Deposit account with an Automatic Roll Over (ARO) feature and for some reason the interest cannot be credited to the account designated by the Depositor for payment of the Time Deposit interest, among others, because the account is closed or blocked, the Depositor hereby authorizes BCA to liquidate the Time Deposit and place all the proceeds of the liquidation back into the existing Time Deposit account with an ARO + Interest feature. All consequences arising from the change of the Time Deposit feature shall be the full responsibility of the Depositor, and the Depositor hereby holds BCA harmless from all claims, lawsuits, and/or other legal proceedings of any kind.
The Time Deposit cannot be liquidated on the Placement Date of the Time Deposit.
The Time Deposit is non-transferable. Liquidation of the Time Deposit and the interest thereon can only be done by the Depositor or otherwise by his/her attorney-in-fact under a legally valid power of attorney, affixed with due fiscal stamp, in accordance with the provisions applicable at BCA, which will be notified by BCA in any form and by any means in accordance with the prevailing law. In the event of the Depositor’s death, the principal amount of the Time Deposit as specified on the Time Deposit Certificate (bilyet Deposito Berjangka) as well as the interest thereon will be paid to all the rightful beneficiaries of the deceased Depositor after the deceased Depositor’s beneficiaries provide BCA with the documentation of heirship as required by BCA.
The Time Deposit can be automatically rolled over at the request of the Depositor at the interest rate applicable at the time of the rollover. If the Depositor intends to liquidate or modify the Time Deposit, the Depositor must inform such intention to the BCA branch office issuing the Time Deposit certificate (bilyet Deposito Berjangka) no later than 3 (three) business days prior to the Maturity Date Principal.
Interest on the Time Deposit will cease to accrue after the Principal Maturity Date, unless it is rolled over or otherwise the Time Deposit is opened with the ARO/ARO + Interest condition.
As long as the Depositor (including any one or more depositors jointly owning the joint Time Deposit) still has outstanding debts of any nature to BCA under any credit facility, L/C, bank guarantee or guarantee provided by the Depositor (borgtocht), interest, facility fee (provisi), Cheque/Bilyet Giro book charges, stamp duty, draft, letter of acceptance or other commercial papers signed by the Depositor as an acceptor, endorser, or drawer, guarantor or as a consequence of the use of a credit card or any other fees or obligations arising from anything whatsoever, BCA is entitled, and to the extent necessary is hereby authorized by the Depositor to debit the Depositor’s account and apply the proceeds to repay any amounts at any time owing to BCA. Any consequences arising from the debiting of the account under the power granted by the Depositor shall be the sole responsibility of the Depositor.
BCA reserves the right to block the Time Deposit, reject any transaction involving the Time Deposit, and/or terminate the business relationship with the Depositor if:
1. the Depositor fails to comply with the prevailing law;
2. the Depositor fails to provide any information and supporting documents in accordance with the prevailing law;
3. the Depositor is known to have used and/or reasonably suspected of using false documents and/or providing incorrect data to BCA;
4. the Depositor provides questionable information; and/or
5. the Depositor’s source of transaction funds is known to emanate from and/or reasonably suspected of emanating from a crime.
The data concerning the Time Deposit at BCA will be held and stored by BCA in accordance with the prevailing law.
BCA shall offer certain products/services via personal communication channels. If the Depositor refuses to get such offer, the Depositor can contact Halo BCA.
By opening the Time Deposit, the Depositor is bound by and agrees to these Terms and Conditions for BCA Time Deposit. BCA may at any time amend these Terms and Conditions for BCA Time Deposit, and such amendment will be notified by BCA in any form and by any means in accordance with the prevailing law.

C. SPECIAL PROVISIONS FOR FOREIGN-CURRENCY TIME DEPOSITS

Interest payment on the BCA Foreign-Currency Time Deposit will be automatically paid into a Savings/Current account or transferred to another bank as agreed upon between the Depositor and BCA, using BCA’s Telegraphic Transfer (TT) Buying Rate as of 1 (one) business day prior to the Interest Maturity Date.
Liquidation of the principal and payment of the interest (either in cash or by transfer), the funds will be converted using BCA’s TT Buying Rate applicable at the time of the liquidation, unless the funds are credited into a Foreign Currency Current account at BCA or a BCA Dollar account in the same currency received in the ratio of 1:1.
BCA has the right to determine the maximum amount for liquidation of a Foreign-Currency Time Deposit in the form of banknotes, which will be notified by BCA in any form and by any means in accordance with applicable law. BCA has the right to charge a fee if the liquidation of the Foreign-Currency Time Deposit in the form of banknotes exceeds the maximum limit determined by BCA.

D. LANGUAGE

These Terms and Conditions for Time Deposit BCA are made and signed in 2 (two) versions of languages, namely Indonesian and English. In the event that there is a discrepancy in interpretation between the versions of Indonesian and English, then the version of Indonesian language shall prevail.

These Terms and Conditions for Time Deposit of PT BANK CENTRAL ASIA Tbk have been adjusted to ensure compliance with the prevailing laws and regulations including Regulations of the Financial Services Authority

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Time Deposit

Why BCA Time Deposit?

Currency Options

Time Period Selection

Flexible